COCC Current Rates
Tier 2 - Option A
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Fixed Rate Mortgages
| Program | Term | Interest Rate | Points | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|---|---|
| Fixed Rate Mortgages | 15 Years | 4.750% | 2 | 5.408% | $7.78 |
| 15 Years | 5.000% | 1 | 5.505% | $7.91 | |
| 15 Years | 5.250% | 0 | 5.603% | $8.04 | |
| 20 Years | 5.750% | 2 | 6.298% | $7.02 | |
| 20 Years | 6.000% | 1 | 6.424% | $7.16 | |
| 20 Years | 6.125% | 0 | 6.422% | $7.24 | |
| 30 Years | 6.375% | 2 | 6.806% | $6.24 | |
| 30 Years | 6.500% | 1 | 6.833% | $6.32 | |
| 30 Years | 6.625% | 0 | 6.860% | $6.40 |
*Interest Rate and Annual Percentage Rate (APR) effective as of August 9, 2022 and subject to change. Maximum loan-to-value of 80% on 1 to 4 family owner-occupied residential property. Maximum loan-to-value of 75% on 1 to 4 family non-owner occupied residential property. Other restrictions may apply. Payments do not include taxes and insurance, if applicable. Actual payments will be greater.
Adjustable Rate Mortgages Available
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Jumbo Mortgages
| Program | Term | Interest Rate | Points | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|---|---|
| Jumbo Fixed | 30 Years | 6.500% | 2 | 6.935% | $6.32 |
| 30 Years | 6.625% | 1 | 6.962% | $6.40 | |
| 30 Years | 6.750% | 0 | 6.988% | $6.49 |
*Interest Rate and Annual Percentage Rate (APR) effective as of August 9, 2022 and subject to change. Maximum loan-to-value of 80% on 1 to 4 family owner-occupied residential property. Other restrictions may apply. Payments do not include taxes and insurance, if applicable. Actual payments will be greater. For loan amounts greater than $647,200.
Jumbo Construction Mortgages
| Program | Term | Interest Rate | Points | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|---|---|
| Construction Fixed | 15 Years | 5.375% | 1 | 5.821% | $8.10 |
| 20 Years | 6.250% | 1 | 6.615% | $7.31 | |
| 30 Years | 6.750% | 1 | 7.034% | $6.49 |
*Interest Rate and Annual Percentage Rate (APR) effective as of August 9, 2022 and subject to change. Maximum loan-to-value of 80% on 1 to 2 family owner-occupied residential property. Other restrictions may apply. Payments do not include taxes and insurance, if applicable. Actual payments will be greater. For loan amounts greater than $647,200.
Land Loans
| Program | Term | Interest Rate | Points | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|---|---|
| Land Loans | 5 Years | 6.750% | 0 | 7.442% | $19.68 |
| 10 Years | 7.000% | 0 | 7.372% | $11.61 | |
| 15 Years | 7.500% | 0 | 7.770% | $9.27 | |
| 20 Years | 7.750% | 0 | 7.970% | $8.21 |
*Interest Rate and Annual Percentage Rate (APR) effective as of April 1, 2022 and subject to change. 75% maximum loan-to-value. Minimum equity $5,000. Minimum equity $5,000. Payments do not include taxes and insurance, if applicable. Actual payments will be greater.
Construction Fixed
| Program | Term | Interest Rate | Points | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|---|---|
| Construction Fixed | 15 Years | 5.250% | 1.5 | 5.775% | $8.04 |
| 20 Years | 6.125% | 1.5 | 6.554% | $7.24 | |
| 30 Years | 6.625% | 1.5 | 6.958% | $6.40 |
*Interest Rate and Annual Percentage Rate (APR) effective as of August 9, 2022 and subject to change. Maximum loan-to-value of 80% on 1 to 2 family owner occupied residential property. Other restrictions may apply. Payments do not include taxes and insurance, if applicable. Actual payments will be greater.
No Fee / Fixed Rate Home Equity Loans
| Program | Term | APR* | Monthly
Payments per $1000 borrowed |
|---|---|---|---|
| 80% Max LTV | 5 Years | 3.875% | $18.36 |
| 10 Years | 4.500% | $10.36 | |
| 15 Years | 5.000% | $7.91 | |
| 20 Years | 6.500% | $7.46 |
*Annual Percentage Rate (APR) effective as of June 24, 2022 and subject to change. The APR is 0.25% higher for customers who choose not to sign up for automatic payment from a Jewett City Savings Bank checking account. Maximum loan-to-value (Max LTV) of 80% on 1 to 2 family owner-occupied residential property. Minimum loan amount $10,000. No condominiums. No homes listed for sale or inteded for sale. Payments do not include taxes and insurance, if applicable. Actual payments will be greater.
Home Equity Line of Credit (HELOC)
| Program | APR* |
|---|---|
| Prime minus 0.50% | 5.730% |
*Annual Percentage Rate (APR) effective as of July 28, 2022 and subject to change. The APR is variable based on the Prime Rate as published in The Wall Street Journal on the last business day of the month minus 0.52%. Maximum lifetime APR is 18%. New loans only. 1 to 2 family owner occupied residential properties only. Adequate property insurance is required. Minimum loan amount $10,000. Maximum total loan-to-value of 80%. Maximum loan $350,000. Annual fee of $45. A cancellation fee may apply for loans terminated within 3 years of origination date. No homes listed for sale or intended for sale. Other restrictions may apply.
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